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Big Tobacco’s claim against State of New York extinguished

Three-judge panel rules cigarette makers owe New York State $800 million plus interest

An $800 million claim filed against the State of New York by Big Tobacco companies has been shot down, according to the Office of New York Attorney General Eric T. Schneiderman. The three-judge special panel presiding over the case also ruled that Big Tobacco is responsible for paying an additional $92 million in back payments for delaying repayment schedule.

New York was one of 52 states and territories that took legal action against cigarette makers in the mid 1990’s in an attempt to recoup healthcare costs and stop a conspiracy to hide negative health effects. The result of this suit was the “Master Settlement Agreement” of 1998.

Executive Editor

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Chris DiMarco

Chris DiMarco, Executive Editor of InsideCounsel magazine, has a background in multimedia production with previous involvement in projects in which he developed and created content...

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